Intel Corp (INTC)

[Unkwn]

No kidding.
They're finally cutting capex.

Yes, and that's not something I like. Samsung is increasing Capex like mad and Intel is lowering it - and yet people here on the board think that Intel will maintain its process lead. Sorry guys, but that's not going to work out. That is also the reason why I don't want Intel to buy Altera or any other company of similar size. They need their money for fabs and better mobile designs right now.

I also didn't like the combined reporting for PC and mobile. First they separate it and give (horrible) numbers, then they combine it again while saying those numbers are going to get better. Doesn't seem like being transparent to their shareholders at all. The reasons given (synergies) have nothing to do with the reporting.

What I still found important was this:

Right now we have a great partnerships with Micron where we jointly developed these, the majority of the manufacturing is done, all the manufacturing on these technologies is done by them, and that relationship works very well. We’re able to invest and invest through them and there you have the efficiency of having factories that they can offset loadings with other products that they have and it's a very efficient model in the memory market to have basically two companies with two very different business models to be officially using the same factories network.

So it seems that Intel has a good way for using its idle fab capacity. NVM will be huge in the years coming. I guess they also cooperate closely on production tech, which might help Intel in the future. In addition, working closely with Micron on packaging technology will be important for data center (ultra fast closely cooupled memories) and mobile (memory chip stacking). A very good partnership for both, Micron and Intel.